Charles Russell Speechlys advises Derwent London on Francis House disposal
Charles Russell Speechlys’ has advised long-standing client Derwent London on the disposal of Francis House SW1 for a headline price of £55.5m.
Derwent London plc owns a commercial real estate portfolio predominantly in central London valued at £5.0 billion, making it the largest London office-focused real estate investment trust. Charles Russell Speechlys have advised Derwent London for over 20 years on a broad range of matters across their portfolio.
This deal highlights the cross-departmental strength of Charles Russell Speechlys, with multiple departments (principally Real Estate, Construction, Commercial and Tax) seamlessly working together to ensure the overall success of the project.
Jonathan Theobald, Head of Investment Analytics at Derwent London, commented:
“We valued Charles Russell Speechlys’ guidance and support throughout this transaction. The team provided deep expertise from all angles and ensured we received a smooth and effective service to us throughout the process.”
Mark White, Real Estate Partner, commented:
“It was a pleasure to work for Derwent London, who are a key client of the Firm. We have worked on this building for many years and it was great to help Derwent achieve their strategic goals in realising a sale.”
The team was led by Mark White, who was assisted by Lynsey Inglis, Pippa Clifford and Rebecca Wright in the Real Estate team. The team was also supported by Fiona Edmond and Joseph Bearman (Construction), Caroline Young and Rachel Hearn (Commercial) and James Stewart and Elizabeth Hughes (Corporate Tax).
Please see the link here to our press announcement on the letting of Francis House from 2021.
